By Subash Gangadharan On the daily chart we observe that the NSE Nifty remains in a short term uptrend. It has been continuously making higher tops and higher bottoms for the last several sessions after taking out the previous swing high of 19,524. With the 14-week RSI at 74.36 and not extremely overbought, we expect […]
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Rupee struggles against strong dollar, weak sentiments; dollar may retreat from 2-month highRupee struggles against strong dollar, weak sentiments; dollar may retreat from 2-month high
By Raj Deepak Singh Rupee was caught between 82.90 and 82.60 levels in the previous week on the back of strong dollar and weak global market sentiments. Dollar gained strength amid jitters over debt ceiling negotiation and as Fitch put the country on credit watch for possible downgrade. Additionally, the US Dollar gained this week […]